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Why This Company Is Providing Financial Services for the Blockchain Space

Opinions expressed by Entrepreneur contributors are their own.

Antoni Trenchev sits at the intersection of DeFi and banking. As the co-founder and managing partner of Nexo, he’s dedicated to providing financial services for the blockchain space. “My co-founder, who originally came up with the idea, was into Bitcoin very early on. He was sitting on some paper profits and wanted to borrow against his Bitcoin to buy even more Bitcoin. It was a great trade because Bitcoin was trading at, I think around $200, and we all know what happened afterward. It was a great idea, but unfortunately, nobody financed it, so we got together with a bunch of people and we came up with the idea of Nexo and this notion that financial services need to be in place for this space to grow,” he explained. 

He sat down with Jessica Abo to discuss how Nexo expanded from a lending service to a 360-degree financial management platform; why he believes traditional banking systems and the brave new world of crypto will coexist; and his advice for anyone looking to get into crypto.